Realstone investment group acquires in western Switzerland

The Realstone Investment Foundation has expanded the real estate portfolio of the Realstone Residential Real Estate Switzerland (RIRS) investment group and purchased three properties in western Switzerland.

The residential properties are located in Clarens (VD), Lancy (GE) and Etagnières (VD) and generate a rental income of CHF 1.28 million, according to the investment foundation. The properties would have an average rental reserve of 32%, which is to be realized through renovations when tenants change. The total purchase price amounted to CHF 30.65 million and the average gross yield is CHF 4.18%, according to the Realstone Investment Foundation.

The first property at Rue Gambetta 22 in Clarens, in the municipality of Montreux, consists of 27 apartments and two commercial spaces on the first floor. The property is located 500 meters from the SBB train station, with amenities and numerous stores nearby. There is no need for investment in the next few years, explains the investment foundation. The property was acquired for CHF 10.30 million with a gross yield of 4.22% and has a rental reserve of 36%.

The second property, Chemin des Fraisiers 13 in Lancy, comprises 29 apartments, a third of which were renovated as part of the tenant rotation. The property was acquired for CHF 13.70 million, the gross yield is 4.09% and the rental reserve amounts to 39%.

The third property is located at Rue des Crêts 3 in Etagnières. It consists of 21 apartments and the same number of parking spaces and is located in the immediate vicinity of the LEB train station. The purchase price was CHF 6.65 million with a gross yield of 4.32%.

As a result of the acquisitions, the portfolio of the RIRS investment group has grown to 27 properties with total assets of CHF 311 million. The tenant value amounts to almost CHF 12 million. Almost 84% of the properties are located in western Switzerland, and the majority of the income (also 84%) comes from residential use. (ah)